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  • Revenue from the company's power plant business decreased 23.5 percent to $180.8 million in the first quarter ended April 3. The net loss attributable to shareholders widened to $85.4 million, or 62 cents per share, from $9.6 million, or 7 cents per share, a year earlier. Excluding items, SunPower lost 30 cents per share, while analysts on average expected a loss of...

  • CAIRO, May 5- Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5- 2 billion euros in the next two years from 730 million currently, said Bakr Abdel-Wahab, its managing director of infrastructure private equity. EFG-Hermes, one of the Middle East's largest investment banks, has a renewable energy portfolio...

  • WASHINGTON, May 4- Dynegy Inc will shut down three coal-fired units at two Illinois power plants because they are no longer economical in the Midwestern U.S. power market, the Houston- based electric utility said on Wednesday. Environmental group the Sierra Club said Dynegy's announcement on Wednesday pushed the United States to a milestone of shuttering more...

  • LONDON, May 4- In November 2013 bosses from nine of China's largest copper smelters sat down over a weekend to discuss the state of the local market. They did so because they had lost faith in the official copper production figures released by the National Bureau of Statistics. The NBS had just reported record output in the month of October, equivalent to an...

  • Duke said its plans to sell its international business- which spans Brazil, Argentina and Chile- is in the preliminary phases, while it expects to close its acquisition of Piedmont Natural Gas Co by the end of the year. The North Carolina- based company said it is on track to achieve its 2016 adjusted earnings target of $4.50- $4.70 per share. Net income attributable...

  • OSLO, May 3- Norway's $872- billion sovereign wealth fund, the world's largest, said it would press U.S. oil majors ExxonMobil and Chevron to do more to report on the risks of climate change. "We want them to be open about their climate strategy and their dialogue with regulators," the fund's chief executive Yngve Slyngstad told reporters. The fund, itself built from...

  • PARIS, May 3- General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its takeover of the energy assets of French Alstom, GE in November 2015 created a global renewable energy business unit with sales of 9 billion...

  • The company said adjusted income in the regulated utilities business fell 10.2 percent to $695 million in the first quarter ended March 31. The North Carolina- based company said it is on track to achieve its 2016 adjusted earnings target of $4.50- $4.70 per share. Net income attributable to Duke fell to $694 million, or $1.01 per share, in the first quarter ended...

  • PARIS, May 3- General Electric wants to become a major player in the offshore wind industry and is interested in buying the Areva-Gamesa offshore joint venture Adwen, GE's new head of renewables said on Tuesday. Following its takeover of the energy assets of the French group Alstom, GE in November 2015 created a global renewable energy business unit with sales of...

  • Net income attributable to Duke fell to $694 million, or $1.01 per share, in the first quarter ended March 31, from $864 million, or $1.22 per share, a year earlier. Total operating revenue fell 7.3 percent to $5.62 billion. Duke sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...

  • *Japan aims to avoid pitfalls of Germany's market opening. TOKYO/ FRANKFURT, April 29- Four weeks into Japan's power market shakeup aimed at boosting choice and energy security, the utility at the centre of the 2011 nuclear crisis has borne the brunt of consumer defections, with nearly 470,000 users switching electricity providers. Japan's reforms mark the...

  • LONDON, April 29- Electric utilities should undergo stress tests to show how their business models are in line with limiting global warming, a global network of investors said on Friday. In a guide published on Friday, a network of more than 270 institutional investors with assets worth more than 20 trillion euros said they were concerned that utilities'...

  • April 28- Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. While Oncor is considered a crown jewel asset, the Public Utility Commission of Texas imposed conditions for approving the deal that have discouraged the...

  • DUBAI, April 28- International Finance Corporation, the World Bank's private sector investment arm, said on Thursday it had arranged $375 million in financing for an Iraqi power company to provide electricity to millions of people in Kurdistan and Baghdad. The investment in Kurdistan will help boost infrastructure in a part of Iraq that is struggling...

  • The company also said on Wednesday it named Chief Financial Officer Mark Widmar as CEO, succeeding James Hughes, who plans to step down effective June 30. Revenue rose about 81 percent to $848.5 million in the first quarter, largely due to higher revenue from the sale of a large California solar power plant to Southern Co.. The company reported a net profit of...

  • April 27- Solar panel maker First Solar Inc posted a quarterly profit, compared with a year-earlier loss, helped by higher revenue from the sale of a large California solar power plant to Southern Co.. He will succeed James Hughes, who plans to step down effective June 30. The solar panel maker reported a net profit of $170.6 million, or $1.66 per share, in the first...

  • *Spaniards angered by need for repeat elections. MADRID, April 27- Spaniards expressed dismay on Wednesday at the failure of their politicians to form a coalition government after four months of haggling, forcing new elections that opinion polls suggest may not break the deadlock. With no stable government in sight, a state-controlled Spanish airport...

  • By Jan Lopatka and Arno Schuetze. PRAGUE/ FRANKFURT, April 27- Czech energy company EPH is close to selling a stake in EP Infrastructure to the infrastructure arm of Australia's Macquarie after scrapping plans to float the gas shipping and heating business, sources familiar with the talks said. Three sources confirmed talks between the two sides, with one saying...